Oil rises 2% amid concerns over Middle East supply disruptions; brent crude at $75.42/bbl
Oil prices increased on Thursday as investors grew concerned that an escalating conflict in the Middle East could potentially disrupt crude oil shipments from the region. However, gains were limited by an improved global supply outlook. By 1211 GMT, Brent crude futures had risen by $1.52, or 2.06%, to $75.42 per barrel, while U.S. West … Read more